Borrowing – Payday Advance USCA http://paydayadvanceusca.com/ Fri, 24 Sep 2021 09:14:24 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 http://paydayadvanceusca.com/wp-content/uploads/2021/07/icon-4.png Borrowing – Payday Advance USCA http://paydayadvanceusca.com/ 32 32 Congress seeks (its own) permission to borrow an additional $ 1 billion or $ 2 billion http://paydayadvanceusca.com/congress-seeks-its-own-permission-to-borrow-an-additional-1-billion-or-2-billion/ Fri, 24 Sep 2021 09:01:00 +0000 http://paydayadvanceusca.com/congress-seeks-its-own-permission-to-borrow-an-additional-1-billion-or-2-billion/ This story is part of “The Basics” by The NPR Politics Podcast. Each week we will explain a key idea behind the news we are talking about on our show. Subscribe to the NPR Politics podcast here. The task keeps coming back like a penny: Congress must soon raise the debt ceiling again. It will […]]]>

This story is part of “The Basics” by The NPR Politics Podcast. Each week we will explain a key idea behind the news we are talking about on our show. Subscribe to the NPR Politics podcast here.


The task keeps coming back like a penny: Congress must soon raise the debt ceiling again. It will be almost the 100th time that he has done so.

After the Republicans made a big deal on the debt ceiling in 2011 and 2013, disrupting financial markets and nearly pushing the United States into default, the party has partnered with Democrats to raise the debt ceiling – quietly – three times under President Trump.

Now, as the federal government hits the limit again, Senate Republicans are mounting a showdown. They know a debt ceiling bill will need at least 10 GOP votes to pass the chamber, but Republicans have been saying for weeks they will not support a raise. Senatorial Minority Leader Mitch McConnell reiterated Monday this post. “Senate Republicans would support a clean, ongoing resolution that includes appropriate disaster relief and targeted Afghan assistance. We will not support legislation that increases the debt ceiling.”

What is the debt ceiling?

This is the limit on how much the federal government can borrow. Or to be more precise, the limit of the amount that the federal government will be allowed to add to the total of the current accumulated debt of the past generations. Every now and then, Congress votes to increase the limit so that he can continue to borrow.

It’s not in the Constitution – or the Bible

So where does this debt limit come from?

He’s from Congress. It was imposed a century ago, in 1917, at the start of the First World War. It was intended to appease those members of Congress who opposed the war itself (as many German-Americans and Irish-Americans did) “on the go” (one might say today “on our national VISA card “). The original cap – $ 1 billion – was an entirely arbitrary number. But it was a colossal amount of money at the time, more than double what the government spent in 1916. So it seemed safe to cover every eventuality imaginable, even if it raised eyebrows and objections on the part of fiscal conservatives from both parties.

Two decades later, in 1939, as World War II raged elsewhere and threatened to involve the United States, Congress agreed to revise the debt ceiling mechanism to give the Treasury a little more leeway. And since then we have been operating with versions and permutations of this revision.

The last, in 2017, set a limit of $ 22 trillion. But it also allowed a suspension of the limit, under which the United States has since borrowed about $ 6.5 trillion more.

When did the debt ceiling start to matter?

So the federal debt – the accumulation of all the federal government’s annual deficits – reached $ 1 trillion around 1980 and became a very big campaign issue for Ronald Reagan, who was elected that year.


“Today the debt stands at $ 934 billion,” he said in a speech by the Oval Office on February 5, 1981. “Temporary increases or extensions to the debt ceiling have been authorized 21 times in those 10 years, I have been forced to ask for a further increase in the debt ceiling, otherwise the government will not be able to function after mid-February – and I have only been here 16 days. ”

Reagan had idealized the government in decline during its administration – but it is not. Not even close. Expenses have increased, revenues have been reduced by tax cuts. Deficits have continued and increased. The cumulative debt has therefore increased. In fact, the federal debt reached $ 3 trillion in the late 1980s, the only decade in history in which the national debt tripled.

Is the limit a fig leaf or a soccer ball?

Clearly, the limit exists to be raised. But how often can Congress raise it? The answer is: Congress has the power to increase or change the limit whenever it is reached. Of course, the deficit hawks are empowered to oppose a higher limit each time, which makes the raise a political football every time.

And so far the limit has been increased or changed or temporarily suspended 98 different times, according to the Congressional Research Service. For a time in the 1980s and 1990s, the increase was routine, achieved with the passing of the budget resolution of Congress each year. Easy, an afterthought. Not even worthy of interest.

This changed when control of Congress passed to the GOP in 1994 and Newt Gingrich of Georgia became Speaker of the House. Gingrich represented an emerging generation of Conservative activists in the House calling for a new tax order. They wanted a spotlight on the debt and a painful battle to raise the debt ceiling. And somehow, they’ve fought such a battle every time they’ve had one since, albeit most of the time when Democrats were in the White House.

What if Congress doesn’t raise the debt ceiling?

If the federal government reaches this limit, the treasury moves money for a few weeks to cover the cash flow deficit. They are what the treasure officials call for “extraordinary measures” – but they don’t go any further, and on September 8, Treasury Secretary Janet Yellen announced that these measures would end in October.

It would leave the government with no money to deal with the payroll and pay for government purchases and send all those checks for social security and medicare and all other forms of federal obligation.

Among those waiting to be paid are holders of treasury bills and other securities, some of which are maturing as we speak. In particular, new debts are necessary to meet these obligations, because non-compliance would constitute a default in payment.

The United States has never defaulted on its maturing bonds, which is one of the main reasons the United States can borrow money easily and at low rates. Failure to pay would make borrowing much more difficult and costly in the future.

New borrowing authority is therefore necessary for the federal government’s cash flow to continue. Without it, at least part of government must close its doors, as we saw during the budget disputes of 2011 and 2013 – and for longer periods in 1995 and 1996.

Can the government just get rid of the debt ceiling to avoid these fights?

Arguably, losing the limit would simply remove the fig leaf that has hidden the current practice of ever-larger borrowing. But if we assume that it is politically unpleasant to increase the limit, it seems really unpleasant to eliminate it altogether.

Voters might just notice and they might just view it as fiscal irresponsibility, even if they don’t like the government to shut down. They also don’t like the idea of ​​a government with no limits on its borrowing.

And it’s important to say that there are a lot of lawmakers who like the debt ceiling, both as a restriction on the growth of federal spending and as a chance to tie the controversial things they want to do to something. something that people, at the end of the day, have to vote for.

So how do they vote to increase it?

Various stratagems have been devised to increase the debt ceiling without too much notice or electoral fallout. But since 1995, when Gingrich got rid of the rule of thumb that “considered” the limit increased with the passage of each year’s budget, increasing the limit has often been a heavy burden. It may be the fiscally responsible thing to do, but it seems stupendous to many voters. The incumbent lawmakers do not want to do it under the gaze of potential challengers in the upcoming primaries and fall elections.

In recent years, Congress has decided to suspend the limit for a period of time rather than increasing it. The practical effect is the same, and the delay may seem more elastic. But this grape leaf style requires some bipartisan cooperation, or at least patience. It may be easier when control of the White House and Capitol Hill is shared between the parties, giving both parties some sort of shared responsibility to prevent default.

This year, with Democrats at least nominally controlling Congress and the White House, they are left alone with the bag. Republicans know they don’t have to help, and they’ve signaled they won’t. This gives them yet another opportunity to castigate Democratic budget proposals as being too expensive.

Democratic leaders set the increase in the debt ceiling to legislation likely to appeal to Republicans (and some fiscally conservative Democrats): a bill that funds the government until December 3, 2021 and includes funding for emergency disaster relief.

Copyright 2021 NPR. To learn more, visit https://www.npr.org.


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Rooney on Morris finally answering his calls: “I had to borrow someone’s phone” http://paydayadvanceusca.com/rooney-on-morris-finally-answering-his-calls-i-had-to-borrow-someones-phone/ Thu, 23 Sep 2021 21:36:47 +0000 http://paydayadvanceusca.com/rooney-on-morris-finally-answering-his-calls-i-had-to-borrow-someones-phone/ Derby County manager Wayne Rooney has revealed he had to borrow the club doctor’s phone in order to contact owner Mel Morris. Rooney was speaking after noting that he had not had a one-on-one conversation with the owner since August 9. The club is currently under administration and faces another possible point deduction. They are […]]]>

Derby County manager Wayne Rooney has revealed he had to borrow the club doctor’s phone in order to contact owner Mel Morris.

Rooney was speaking after noting that he had not had a one-on-one conversation with the owner since August 9.

The club is currently under administration and faces another possible point deduction. They are already at the bottom of the championship with minus two points.

Rooney said: “Yes, I tried to [contact Mel Morris]. In fact, I called him once on the doctor’s phone. He answered the phone. So obviously he could answer the doctor’s phone calls but not the principal.

“It wasn’t ideal. I’m trying to do my best for this club on this pitch, and a lot of people wanted answers that I couldn’t give them. It’s unfortunate that it was like that, but that’s how it was handled. Fortunately, now I won’t have to worry about having to contact him.

The manager also explained how the Derby owner’s lack of honesty towards club staff had particularly frustrated him, having also seen his mother’s job threatened.

Rooney added, “My mom was in exactly the same position. She works at the school I went to, as a table lady, and there are discussions about whether this school will close. She’s in the same position as some of the staff here. She doesn’t know if she’s going to have a job or not.

“I know how life works, the difficulties people have with bills, mortgages, putting food on the table. I experienced this firsthand as a child, and I also know a lot of people in my family who experience this on a daily basis.

“The best way to deal with this is to be open, to be honest with people, because if you’re not, people will see through you, and that transparency of communication and honesty, matters, even though it’s a tough decision that is made when people lose their jobs, people need to know that you are being honest and open with them.


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Chain Backed Loans – How To Borrow Money Using Chainlink Tokens http://paydayadvanceusca.com/chain-backed-loans-how-to-borrow-money-using-chainlink-tokens/ Thu, 23 Sep 2021 05:02:41 +0000 http://paydayadvanceusca.com/chain-backed-loans-how-to-borrow-money-using-chainlink-tokens/ The cryptocurrency industry is changing rapidly, providing new opportunities for individuals and businesses to profit from digital coins. If you need quick cash but don’t want to sell your Chainlink tokens, there is a special loan type for you. It is available on a growing number of lending platforms and allows you to borrow quickly. […]]]>

The cryptocurrency industry is changing rapidly, providing new opportunities for individuals and businesses to profit from digital coins. If you need quick cash but don’t want to sell your Chainlink tokens, there is a special loan type for you. It is available on a growing number of lending platforms and allows you to borrow quickly.

How it works

Discover a new type of secure crypto loans. Borrowers pledge their Chainlink (LINK) tokens as collateral to borrow assets from a wide range – options range from fiat currency to stablecoins. No credit check is required. Speed ​​is another advantage of a Loan of chain links because processing times are short – just a few hours.

The maximum amount you can borrow depends on the number of tokens you have and the LTV ratio, or the Loan-to-Value (LTV) requirement. It indicates the part of the borrowed capital which determines the size of the collateral. For example, 50% means that you have to pledge half of the amount you borrow in the form of tokens. Here are the key terms to know.

1. The initial loan-to-value ratio (LTV)

Here, the “loan” value includes the amount you borrow plus the interest accrued over the life of the loan. The “value” is your chain link tokens pledged as collateral. As cryptocurrencies are very volatile, the LTV value is also changeable. It fluctuates with the price of the tokens.

2. LTV margin call

The platforms continuously monitor the LTV on all loans to ensure that the market value of the collateral is sufficient to cover the debts. When a critical level is reached (eg 70%), the borrower must provide more collateral. There are two options (margin call and liquidation), both automatic.

The Margin Call LTV is the LTV level that triggers warnings about a possible liquidation. It is fixed between the Initial LTV and the Liquidation LTV. Unless the borrower no longer provides tokens as collateral or partially repays, their tokens will be sold.

3. LTV clearance

This is the level at which the collateral will be sold by the platform to cover the partial repayments of the loan. Portions of the pledge tokens are sold until the LTV returns to an acceptable level.

4. Interest payments

The cost of borrowing depends on the platform, the lender, the amount and the length of the loan. The longer the repayment, the higher the cost, just like with a bank loan.

To conclude

Chainlink token-backed loans allow users to borrow fiat currency and cryptocurrencies by pledging their LINK assets as collateral. Interest rate and other terms vary. The initial LTV and the Margin Call LTV define the acceptable size of the collateral throughout the term of the loan.

(Devdiscourse journalists were not involved in the production of this article. The facts and opinions appearing in the article do not reflect the views of Devdiscourse and Devdiscourse assumes no responsibility in this regard.)


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Loans: House of Representatives speaks out on alleged exclusion from state rivers to benefit from FG’s new projects ▷ Nigeria news http://paydayadvanceusca.com/loans-house-of-representatives-speaks-out-on-alleged-exclusion-from-state-rivers-to-benefit-from-fgs-new-projects-%e2%96%b7-nigeria-news/ Wed, 22 Sep 2021 15:12:29 +0000 http://paydayadvanceusca.com/loans-house-of-representatives-speaks-out-on-alleged-exclusion-from-state-rivers-to-benefit-from-fgs-new-projects-%e2%96%b7-nigeria-news/ The House of Representatives has expressed its displeasure with the omission of Rivers State among the states that will benefit from the FG loan Instead, the lower house of the House decided to make appropriate conclusions on the urgent matter which has elicited reactions so far. According to the motion raised by chamber member Solomon […]]]>
  • The House of Representatives has expressed its displeasure with the omission of Rivers State among the states that will benefit from the FG loan
  • Instead, the lower house of the House decided to make appropriate conclusions on the urgent matter which has elicited reactions so far.
  • According to the motion raised by chamber member Solomon Bob, he claimed Rivers is the only state left out of the 36 states of FG’s new projects.

The House of Representatives has indicated its willingness to investigate the likely exclusion of Rivers State from the list of states to benefit from federal government loans.

TV channels reports that the lower house on Wednesday (September 22) revealed its intention to investigate the possible omission of the oil-rich state as beneficiary of states assigned to projects.

Read also

Good news as FG moves to recover £ 200million stashed in US

It follows a motion of urgent public importance by Representative Solomon Bob, alleging that Rivers is the only state out of 36 to be excluded.

House of Reps to investigate alleged exclusion of Rivers from states to benefit from FG's new projects
House of Reps talks about Rivers’ alleged exclusion from states to benefit from FG’s new projects. Photo credit: Rivers State Government, Femi Adesina
Source: Facebook

The legislature further alleged discrimination against Rivers State, which contributes enormously to the federation’s account.

The house mandated its Aid and Loans committee to liaise with the presidency to include Rivers State in the loans if it turns out that it is the only state that has been excluded.

It will be recalled that the representatives had, on Thursday, August 19, expressed their dissatisfaction with the constant quest for borrowing by the federal government, a report by Avant-garde also indicate.

He however accused the ministries, departments and agencies (MDA) of not using their revenues, thus starving the FG, the funds necessary for the execution of the projects.

Read also

New strike looms as ASUU accuses FG of ignoring ultimatum

APC reveals why President Buhari’s government borrowed, attacks PDP

During this time, Legit.ng previously reported that the All Progressives Congress (APC) said the Buhari administration was securing loans to finance the 2021 budget deficit and develop critical infrastructure across the country.

It was reported that the ruling party made this known in a statement issued by its spokesperson, Senator John James Akpanudoedehe.

The APC argued that critical infrastructure in turn spurred economic growth, generated jobs and reduced poverty.

What I told Buhari about loans, Lawan opens up

Previously, Ahmad Lawan, president of the Senate, had advised President Muhammadu Buhari to reduce external borrowing contracted to finance the country’s annual budgets.

It was reported that the main lawmaker advised the president to focus instead on blocking financial leakage and avoiding waste at all levels of government.

Legit.ng learned that Lawan said this on Monday August 23 in Abuja, after a closed-door meeting with President Buhari at State House.

Source: Legit


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Yellowknife will hold a referendum on the possibility of borrowing funds to pay for the new pool http://paydayadvanceusca.com/yellowknife-will-hold-a-referendum-on-the-possibility-of-borrowing-funds-to-pay-for-the-new-pool/ Tue, 21 Sep 2021 21:44:16 +0000 http://paydayadvanceusca.com/yellowknife-will-hold-a-referendum-on-the-possibility-of-borrowing-funds-to-pay-for-the-new-pool/ The city of Yellowknife plans to hold a referendum in November on whether it can borrow “a small portion” of the estimated $ 52.4 million to $ 63.7 million it will cost to build a new aquatic center. The city said in a press release that it has been looking to replace the aging Ruth […]]]>

The city of Yellowknife plans to hold a referendum in November on whether it can borrow “a small portion” of the estimated $ 52.4 million to $ 63.7 million it will cost to build a new aquatic center.

The city said in a press release that it has been looking to replace the aging Ruth Inch Memorial Pool (RIMP) since November 2016. It said the facility has exceeded its life expectancy.

“RIMP is no longer sufficient,” the city said in the press release. “It is currently operating at full capacity, and there are approximately 1,000 people on waiting lists for aquatic programs each year.”

The city said that as the memorial pool continues to age, its maintenance needs will result in more pool closings and longer waiting lists to participate in programs.

Costs

On its website, the City of Yellowknife said the new facility is expected to be built by September 2024.

She estimates that it will cost between $ 2.3 and $ 2.7 million annually to operate the new aquatic center and that municipal taxes will increase by 2.7% in 2024 to help offset construction and maintenance costs. .

He also said he will receive funding for the project from the territorial and federal governments and therefore “will only need to borrow a small portion of the funds needed to build” the aquatic center.

However, he added that he could not provide an exact amount until one of the three proposals submitted to build the facility was accepted.

Consultation

The city said it held consultations with user groups and the public in 2018 and 2020 to find out what Yellowknifers would like to have in a new aquatic facility.

He said based on these discussions, the proposed facility will include, among other things, a 25-meter eight-lane swimming pool and one and three-meter springboard, a three-lane leisure pool and a man-made river. It will include play features, a large amusement park-style water slide, whirlpool / therapeutic pool, steam room and water games in addition to a canteen area and observation area. spectators.


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Government hopes to reach deal to resolve CO2 crisis as food shortages loom – business life | Business http://paydayadvanceusca.com/government-hopes-to-reach-deal-to-resolve-co2-crisis-as-food-shortages-loom-business-life-business/ Tue, 21 Sep 2021 09:23:43 +0000 http://paydayadvanceusca.com/government-hopes-to-reach-deal-to-resolve-co2-crisis-as-food-shortages-loom-business-life-business/ Hello and welcome to our continued coverage of the global economy, financial markets, euro area and business. Fears are growing that the UK’s carbon dioxide shortage will soon lead to empty shelves, as food producers urge the government to step in and provide support. Ian wright, CEO of Food and Beverage Federation, told the BBC’s […]]]>

Hello and welcome to our continued coverage of the global economy, financial markets, euro area and business.

Fears are growing that the UK’s carbon dioxide shortage will soon lead to empty shelves, as food producers urge the government to step in and provide support.

Ian wright, CEO of Food and Beverage Federation, told the BBC’s Today program this morning that it was a “real crisis”, explaining that supply chains are under unprecedented pressure.


We have been saying for several weeks now that the just-in-time system that underpins both our supermarkets and our hospitality industry is the most strained in 40 years.

Poultry producers warn production will seriously erode by the end of this week, says Wright, and so does pork production – both sectors need CO2 stunning animals intended for slaughter.

Baked goods and meat wrappers are probably only a week late, he predicts.


We probably have about 10 days before consumers, buyers, and diners notice these products are unavailable.

Wright adds that ministers, especially those in DEFRA, are taking the problem very seriously … he hopes, but is not convinced, that industry and government can work together to find a solution.

He wrote to the Secretary of Food and Rural Affairs, Georges eustice, urging action.

In a letter seen by the Guardian, Wright says:


“Across the industry, there is a common view that the situation is getting worse, with little prospect of additional CO2 supply unless the UK government intervenes.

The shortage of carbon dioxide is caused by the gas crisis, as CO2 is a byproduct of fertilizer production.

Soaring natural gas prices have forced US fertilizer maker CF Industries to shut down production at its factories in Billingham, Teesside, and Ince, Cheshire, creating disruptions in supply chains.

The FDF says the government must take three steps to support the food industry:

  • Subsidize the small number of fertilizer factories which are the main sources of CO2 that the food and beverage industry needs
  • Help the industry find alternative sources of materials for stunning animals and for food packaging.
  • Solve labor shortages, which means the industry is so sensitive to these shortages.

Paul waugh
(@paulwaugh)

Ian Wright, Managing Director of the Food and Drink Federation, recounts @ BBCr4today the government has about “10 days” to resolve the CO2 shortage crisis. 1 week before stopping poultry stunning and a few more days before packaging is affected.


September 21, 2021

BBC Radio 4 Today
(@ BBCr4today)

“It’s a real crisis”

Ian Wright, Managing Director of the Food and Drink Federation recounts @bbcnickrobinson that shoppers will start to notice missing products on supermarket shelves in “about 10 days”https://t.co/nVFh5QDbC0 # R4Today


September 21, 2021

Meat producers are also warning that supplies could be cut off soon. Cranswick, which makes fresh pork products and gourmet sausages, bacon, ham and cold cuts, says the UK risks a “major crisis in the food industry”.

Adam sofa, Cranswick CEO, said the government must act immediately to avoid shortages:


The sector has asked for support to alleviate the labor crisis, and now C02 shortages could effectively halt production along the supply chain.

“The industry is already at the tipping point ahead of the demanding Christmas season.

We have worked tirelessly throughout the pandemic to keep food on the shelves, but there is a real risk of food shortages across the country if the government does not act immediately to address these issues. “

As the energy crisis escalated yesterday, the government insisted the UK was “very resilient”, with “no way the lights would go out”.

Kwasi Kwarteng, the business secretary, promised:


“There will be no three-day work weeks or going back to the 1970s.

Such thinking is alarmist, unnecessary and completely wrong. ”

But No 10 was warned that hundreds of thousands of Britons are facing a “very, very difficult” winter due to rising household costs, fears of a three-day week for factories and new gaps in supermarket shelves.

And with the Iceland supermarket chain warning that UK food supplies could be at risk long before Christmas unless carbon dioxide supplies are restored, the pressure is mounting …

We also get the of the OECD assessment of the world economy, a health check on British factories in the CBI, and the latest US housing data – as the Federal Reserve begins its two-day monetary policy meeting.

After heavy falls yesterday, European markets opened higher as investors shed Monday’s gloom after the worst session in months.

IGSquawk
(@IGSquawk)

European opening calls:#FTSE 6,952 + 0.69%#DAX 15202 + 0.46%#CAC 6472 + 0.25%#AEX 780 + 0.19%#MIB 25,168 + 0.48%#IBEX 8680 + 0.28%#OMX 2283 + 0.46%#STOXX 4060 + 0.41%#IGOpeningCall


September 21, 2021

Agenda

  • 7am BST: UK public finances for August
  • 8:30 a.m. BST: Swedish Riksbank’s decision on interest rates
  • 10 a.m. BST: OECD publishes its Interim Economic Outlook
  • 11am BST: CBI industrial trends survey in UK factories
  • 1.30 m BST: building permits and starts in the United States for August



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McConnell and Schumer clash over the debt limit as Democrats. pitch financing plan http://paydayadvanceusca.com/mcconnell-and-schumer-clash-over-the-debt-limit-as-democrats-pitch-financing-plan/ Mon, 20 Sep 2021 21:43:36 +0000 http://paydayadvanceusca.com/mcconnell-and-schumer-clash-over-the-debt-limit-as-democrats-pitch-financing-plan/ WASHINGTON – Democratic and Republican leaders clashed over funding on Monday the federal government and increase the nation’s borrowing limit, leaving issues unresolved as Democratic leaders unveiled a plan to vote on both. The problem is twofold. Congress has not approved funding for the government for the year that begins Oct. 1, so lawmakers need […]]]>


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A “friend” wants to borrow a sentimental jewel for her wedding that my late mother gave me. Ask Ellie http://paydayadvanceusca.com/a-friend-wants-to-borrow-a-sentimental-jewel-for-her-wedding-that-my-late-mother-gave-me-ask-ellie/ Mon, 20 Sep 2021 10:03:43 +0000 http://paydayadvanceusca.com/a-friend-wants-to-borrow-a-sentimental-jewel-for-her-wedding-that-my-late-mother-gave-me-ask-ellie/ Q: I was happily married for three years to a man I love. We both have decent jobs and together we can afford modestly good lifestyles. The only “luxury” item I own is an antique piece of jewelry that my late mother gave me when I got engaged. She was sick and wanted me to […]]]>

Q: I was happily married for three years to a man I love. We both have decent jobs and together we can afford modestly good lifestyles.

The only “luxury” item I own is an antique piece of jewelry that my late mother gave me when I got engaged. She was sick and wanted me to have her before she passed away.

I wore it to my wedding. Mom passed away a few months later.

Now a friend is getting married later this year. I’ve only known her for six months, since she joined the company where I work. We had lunch together. She knows that the loss of my mother still affects me deeply.

A few weeks ago, she asked to see some of my wedding photos “to get some ideas” for her wedding dress choice.

Last week, after commenting on the jewel, she asked to “borrow” it for her own wedding.

I was so stunned that I didn’t know what to say for a minute. I then replied: “Let me think about it because it has a special meaning for me”. She said, “Yes, that’s why I want to wear it …”

Was she trying to appropriate my love for my late mother? Or express feelings of close friendship for me? Or just want to show off this jewel in her wedding photos as if it were her own?

The uncomfortable request of the bride

A: His request is inappropriate and nervous. Yes, she is interested in showing the gem as if it were her own.

Hers is a very shallow focus on appearance to a deeper degree than the usual fanfare of a wedding event.

If she had been your best friend for years and had known your mother well, you might have felt more comfortable with the idea, although it still smacks of showing itself.

Since it’s already obvious that you’re uncomfortable about the request and their idea, respond to them as soon as possible.

Just say it’s not something you can share because it’s too personal a symbol of the love between you and your late mother.

Then continue the friendship on the same “no-better” but cordial level it was before she asked … if you can.

Q: What do you think of a happy married couple in their 40s, two teenage children, and a 95-pound dog that sleeps with them every night?

A: A word is missing in your signature, as in “Concerned” …

Who? Mother of husband or wife? The family vet?

Unless there is no longer this family’s nocturnal habit that is the source of your concern, the matter falls under the category of NOOB which is None of our stuff.

Instead of stoking the resentment of this dog-loving family, research the topic of adults and children snuggling up at night with large dogs in their beds.

If you genuinely have a respected role to play in the lifestyle of this family they value, present what you learn as information, and not just your opinion that recipients haven’t sought until now.

FEEDBACK: Regarding the woman who knows her husband loves her, but complains that he never compliments her (August 26):

Reader: Ellie’s comments to this woman were good advice. But her further suggestion that, maybe she didn’t take compliments well, so he gave up, was intuitive.

My first wife was very attractive and knowledgeable and I liked to compliment her regularly. However, my next girlfriend had very low self-esteem and categorically rejected all compliments. This quickly ended our relationship.

Ellie’s Tip of the Day

Recognize the wrong motives in asking a new friend to borrow your most valuable item.

Ellie Tesher is an advice columnist for The Star and based in Toronto. Send your relationship questions by email: ellie@thestar.ca.


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Borrowing for insane recurring expenses, says Obasanjo http://paydayadvanceusca.com/borrowing-for-insane-recurring-expenses-says-obasanjo/ Sun, 19 Sep 2021 21:40:21 +0000 http://paydayadvanceusca.com/borrowing-for-insane-recurring-expenses-says-obasanjo/ Posted September 19, 2021 Former Nigerian President Olusegun Obasanjo has frowned at the way the federal government is accepting loans. According to the ex-president, borrowing for recurring expenses is “insane”. In a video interview posted on Channel television Facebook page, Obasanjo said borrowing and accumulating debt for generations to come is criminal. He said, “If […]]]>

Former Nigerian President Olusegun Obasanjo has frowned at the way the federal government is accepting loans. According to the ex-president, borrowing for recurring expenses is “insane”.

In a video interview posted on Channel television Facebook page, Obasanjo said borrowing and accumulating debt for generations to come is criminal.

He said, “If you want to build a commercial house and you’re going to borrow the money, and you have 50 percent of your own money and you borrow 50 percent and in five years you pay the 50 percent for it. cent you borrowed. It is a wise thing to do. But if you have to borrow money so that you can feed yourself and your family, that’s a stupid thing to do.

“So if we borrow for recurring expenses, it’s the height of stupidity. If we are borrowing for profitable development, that’s understandable; so how long will it pay for? But we borrow and accumulate debt for the next generation and the next generation after them, that’s criminal, to put it mildly. What do we borrow for?

“When I came into government and was elected president, we were spending $ 3.5 billion on debt service, and even with that our debt amount was not going down.”

The administration of the president, Major General Muhammadu Buhari (retired), has borrowed a total of 21,000 naira in six years.

Data from the Debt Management Office showed that at the end of March 2021, Nigeria’s public debt reached a total of 33.12 billion naira, meaning that in the past six years under the president, the country’s debt rose by 21 billion naira.

At the end of June 2015, a month after the current regime came to power, the country’s debt profile stood at 12.12 billion naira.

It also means that the country’s debt profile increased 173.27% over the six-year period.

Nigeria’s total public debt stock includes the outstanding debt of the federal government, the 36 states and the Federal Capital Territory.

However, most of the debts were incurred by the federal government.


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Sunak to launch battle plan to cut borrowing to budget http://paydayadvanceusca.com/sunak-to-launch-battle-plan-to-cut-borrowing-to-budget/ Sun, 19 Sep 2021 09:35:00 +0000 http://paydayadvanceusca.com/sunak-to-launch-battle-plan-to-cut-borrowing-to-budget/ Chancellor Rishi Sunak will present plans to put the UK’s public finances on a more sustainable path during next month’s budget, according to reports. Sunak is expected to set new targets for the government to stop borrowing to fund daily expenses within three years, according to the FINancial Times. The ratio of outstanding public debt […]]]>

Chancellor Rishi Sunak will present plans to put the UK’s public finances on a more sustainable path during next month’s budget, according to reports.

Sunak is expected to set new targets for the government to stop borrowing to fund daily expenses within three years, according to the FINancial Times.

The ratio of outstanding public debt to the size of the economy is expected to start declining by 2024/2025 under the new targets.

On its current trajectory, government spending would fit into the new plan. However, the new goals would give Sunak little wiggle room for gifts during the budget and spending review on October 27.

The reports come as the government has raised national insurance taxes and dividends by 1.25 percentage points in a bid to raise funds to clear the growing backlog of NHS work and tackle the crisis social services.

The plans aim in part to offset the greater exposure of public finances to inflation and rate hikes. In his budget speech in March, Sunak said a one percentage point hike in interest rates would cost the UK more than £ 25 billion.

Inflation recorded its largest monthly percentage point increase last month, rising to 3.2% annually in August from 2% in July.

British Parliament recalled to discuss Afghanistan crisis

Part of the public debt is linked to the retail price index, which means that the public debt rates rise in line with the RPI.




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